Latest Innovation News: Finextra Research

Social media spending by banks plateaus as interest wanes

The use of social media by banks has 'plateaued', with the average spend stuck below EUR500,000 per annum, according to data from Efma and Wipro.

29 May 2013

News/Innovation

Russian city Novosibirsk gets mobile NFC transport ticketing system

Russian network operator Mobile TeleSystems (MTS) has selected Gemalto's UpTeq NFC high-end SIM cards for a mobile phone-based public transport ticketing system in the city of Novosibirsk.

29 May 2013

News/Innovation

NatWest creates personalised IOU site

NatWest is inviting customers to send a personalised video to remind friends and contacts about unpaid bills as part of a viral campaign to promote its mobile payments app.

29 May 2013

News/Innovation

AmEx and Groupon invest in SumUp

American Express and Groupon have joined existing investors to inject a 'double-digit million euro' sum into mobile point of sale outfit SumUp.

28 May 2013

News/Innovation

MobeyDay to deliver rallying cry to banking industry

Banks and financial institutions should quit viewing mobile as just another customer channel and wake up to its potential to generate significant new revenues. This is the message that Mobey Forum will carry to mobile banking and financial services professionals attending its second annual MobeyDay event, to be held in Barcelona on 11 June.

24 May 2013

News/Innovation

'Hello. I'm on Mount Everest': Mobile banking hits highest peak

Two mountaineers have set a world record by being the first to use a mobile banking app on Mount Everest.

23 May 2013

News/Innovation

ANZ and Royal Bank of Canada to engage with IBM's Watson

ANZ and Royal Bank of Canada are working with IBM to test the capabilities of Watson Engagement Advisor for crunching account data and providing clients with relevant, nuanced answers to online and mobile queries.

22 May 2013

News/Innovation

Live: EBAday 2013, day two

Payments professionals from across Europe are gathering in Berlin this week for EBAday, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

22 May 2013

News/Innovation

Square launches e-mail cash transfers; Google shutters CheckOut

Square is to move into PayPal's core territory with the invitation-only launch of a P2P email cash transfer service, dubbed Square Cash.

21 May 2013

News/Innovation

Live: EBAday 2013, day one

Payments professionals from across Europe are gathering in Berlin this week for EBAday, hosted by the Euro Banking Association and Finextra. We're liveblogging events here.

21 May 2013

News/Innovation

BNP Paribas launches digital mobile bank

BNP Paribas has launched Europe's first stand-alone digital mobile bank, Hello Bank!, in Belgium and Germany.

17 May 2013

News/Innovation

Google to use Gmail and Chrome assets to push Wallet uptake

With its mobile wallet struggling to gain traction on the high street, Google is to use its extensive Web assets to spur uptake, announcing a new payments API for Chrome browsers and the ability to send money as a Gmail attachment.

16 May 2013

News/Innovation

US govt freezes Mt. Gox account with Dwolla

The US Department of Homeland Security has served payments start-up Dwolla with a court order telling it to stop processing transactions linked to bitcoin exchange MT. Gox.

15 May 2013

News/Innovation

PayPal and Square jostle for control of the cash register

The battle for control of the merchant cash register has stepped up a gear with Square launching an iPad point-of-sale device and PayPal promising limited free payments processing to retailers that junk their old shopping tills in exchange for a feature rich iPad equivalent.

15 May 2013

News/Innovation

IPC launches app development partner programme

IPC Systems has unveiled a vendor and customer app development partner programme for its Unigy trading communications platform.

14 May 2013

News/Innovation

Australia's Eftpos contracts with C-Sam for mobile wallet

Eftpos Australia says it will begin mobile payments trials with selected Australian retailers in the next few months.

14 May 2013

News/Innovation

UK civil servants ponder bitcoin threats - FT

UK government officials met yesterday to discuss the security and tax implications of virtual currency bitcoin, according to the Financial Times.

14 May 2013

News/Innovation

Numbrs raises EUR6.1m for mobile app connecting bank accounts

Numbrs, a Swiss start-up developing a mobile money app that lets users access all their bank accounts in one place, has secured a EUR6.1 million investment from Net firm incubator Centralway.

14 May 2013

News/Innovation

Amazon launches virtual currency for Kindle Fire users

Kindle Fire owners in the US have had 500 new Amazon Coins - worth a total of $5 - deposited into their accounts today to mark the launch of the virtual currency for purchasing apps, games and in-app items.

13 May 2013

News/Innovation

CIBC Suretap comes to Android; Rogers gets nod for banking start-up

CIBC in Canada has expanded support for its mobile payments app from BlackBerry-only to Android devices, as wireless partner Rogers receives approval to incorporate as a bank.

10 May 2013